Newmont closes $ 1 billion 2.600% senior sustainability note offering

DENVER – (COMMERCIAL THREAD) – Newmont Corporation (NYSE: NEM, TSX: NGT) (“Newmont” or the “Company”) announced today that it has received total net proceeds of approximately $ 992 million, after deducting rebates subscription (before expenses), upon closing of its registered public offering of a total principal amount of $ 1 billion of 2,600% senior sustainability notes maturing in 2032.

Newmont is the first in the mining industry to issue a bond linked to sustainable development, which represents a further step in the alignment of its financing strategy with environmental, social and governance (ESG) commitments.

“The successful execution of our sustainability note demonstrates the confidence of bondholders in our ability to maintain our financial strength and deliver long-term value to all of our stakeholders,” said Tom Palmer, President and CEO of Newmont. “This offer further aligns our financial and ESG performances, by linking our commitments in terms of climate change and gender parity. Our long history of taking a leading approach to ESG practices has positioned Newmont as the recognized leader in sustainability in the gold sector and we continue to challenge ourselves and the industry through our commitment. towards sustainable and responsible mining. ”

The Notes are senior unsecured obligations of the Company and rank equally with current and future senior unsecured indebtedness of the Company and senior with respect to future subordinated indebtedness of the Company. The Notes are guaranteed on a senior unsecured basis by the Company’s subsidiary, Newmont USA Limited.

The coupon of the tickets is linked to Newmont’s performance in relation to the main ESG commitments concerning the emission reduction targets for 2030 and the target for the representation of women in management positions. Earlier this year, Newmont entered into a $ 3.0 billion sustainability-linked revolving credit facility, also one of the first in the industry.

The interest rate payable on the Notes will be increased if the Company does not meet the targets set by 2030. Newmont has published a framework of sustainability obligations and has obtained a second party opinion on the framework. ‘ISS ESG.

The Company intends to use the net proceeds of this offering to redeem (i) the outstanding 3.700% notes of the Company due 2023, and (ii) the outstanding 3.700% notes due 2023 issued. by the Company’s wholly-owned subsidiary, Goldcorp Inc., for up to certain principal bid total amounts specified in a related offer to purchase, which are accepted for purchase, and any remaining portion for working capital and other general corporate purposes. The Company redeemed all of the Company’s outstanding 2022 Notes on December 15, 2021.

BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and JP Morgan Securities LLC acted as co-book managers for the offering and Credit Suisse Securities (USA) LLC also acted as an obligation linked to sustainable development advising on the structuring of the offer.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or the qualification under securities laws of such a jurisdiction. The securities offered have not been approved or disapproved by any regulatory authority, and none of those authorities has passed judgment on the accuracy or sufficiency of the prospectus supplement or the shelf registration statement or the base prospectus.

Copies of the Prospectus Supplement and accompanying Base Prospectus which together meet the requirements of Section 10 of the Securities Act of 1933, as amended, can be obtained from BMO Capital Markets Corp. by calling toll free at (866) 864-7760, Credit Suisse Securities (USA) LLC by calling toll free at 1-800-221-1037, Goldman Sachs & Co. LLC by calling toll free at (866) 471-2526, or JP Morgan Securities LLC by calling collect at (212) 834-4533. An electronic copy can also be obtained at

About Newmont

Newmont is the world’s largest gold company and a producer of copper, silver, zinc and lead. The Company’s portfolio of world-class assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The company is an industry leader in value creation, backed by robust security standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925. At Newmont, our goal is to create value and improve lives through sustainable and responsible mining.

Legal warning:

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to (i) the future issuance of securities and their terms, including any corresponding warranties, (ii) use of the proceeds from such sales, (iii) future performance against sustainability goals, and (iv) future reporting on such sustainability performance. Forward-looking statements may be accompanied by terminology such as “will” or comparable terminology. Forward-looking statements provide the Company’s current expectations regarding future events, but such statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions that are difficult to predict or beyond our control. Investors should not place undue reliance on forward-looking statements and should take into account the uncertainties and risks discussed in the company’s annual report on Form 10-K for the year ended December 31, 2020 and in the company’s quarterly report. on form 10-Q for the quarter ended September 30, 2021, as well as the registration statement of the Company on form S-3ASR (n ° 333-258097) relating to the issuance of the notes described herein, under the under “Risk Factors”, which are filed with the United States Securities and Exchange Commission (the “SEC”) and available on the SEC’s website or at, as well as in other filings by the Company with the SEC. The Company does not undertake to issue revisions of any “forward-looking statement” to reflect events or circumstances after the date of this press release, or to reflect the occurrence of unforeseen events, except as may be required. under applicable securities. laws.

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